Post
Topic
Board Economics
Re: Best way for steady income
by
Supercrypt
on 05/09/2016, 15:05:41 UTC
I think that the best way fot this, a steady income over time, is buying in the all time low, and then wait for a long time or you can do some trading with cryptos.

this is a good strategy - buying when the price is super low and selling when it reaches to your goal price amount. Trading crypto is very exciting especially when you notice some pump and dump - your quick move shall be to position yourself for profit in either pump or dump situation.

But how can you say that it is an steady income? As you will not sell  them until you don't see a higher price and sometimes it may even take months for price to go higher.
Trading of Bitcoins is not part of steady income because steady income is not affected by any kind of seasonal fluctuations. I think investment in a safe project is a best kind of steady income but that investment must be risk free. As bitcoin are growing we are able to get more chances of investment to earn steady income in future.